- Global equity markets, including the S&P 500 and major Asian indices, are experiencing sharp declines, marking the worst stretch since early 2020.
Apple alone has shed nearly $640 billion in market capitalisation over just three days. The S&P 500 has fallen more than 10% during the same stretch—its worst performance since the onset of the COVID-19 pandemic. In Asia, the selloff is even more severe, with Japan’s Nikkei 225 down nearly 8%, South Korea’s Kospi 200 off almost 6%, and Taiwan equities falling close to 10%, triggering circuit breakers.
In comparison, Bitcoin and Gold, while under pressure, appear to be weathering the downturn with relatively less panic.
Bitcoin has declined around 10%—a notable drop, but not unusual by crypto standards. Trading near $76,000, it has returned to pre-election levels, breaching both short- and long-term support zones.
Gold is tracking its worst three-day performance in over four years. Although some positive forecasts are emerging. Deutsche Bank has revised its year-end gold price forecast upward to $3,350, citing rising recession risks and renewed safe-haven demand.
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